Axis Bank Shoppers Stop Credit Card
Think of the Shoppers Stop card as a co-branded loyalty tool rather than a general-purpose spender: it's built entirely around Axis's tie-up with the retailer's First Citizen programme. Every ₹200 spent on Shoppers Stop's own private-label (Exclusive) merchandise brings in 20 First Citizen points, dropping to 12 points per ₹200 for other brands bought in-store, and just 2 points per ₹200 everywhere else. Axis values each point at ₹0.50 in its published chart, and since redemption is restricted to Shoppers Stop, HomeStop and the group's beauty counters, that math translates to 5% back on Exclusive purchases, 3% on other in-store brands, and a thin 0.5% outside the ecosystem. New cardholders get a ₹2,250 voucher bundle at signup — split across several vouchers, each tied to its own spending threshold, so unlocking the full amount realistically needs about ₹19,000 of in-store purchases — alongside ₹300 in First Citizen points for a first transaction made within 30 days, and complimentary Golden Glow status (longer exchange windows, free delivery, birthday treats). Cardholders also get a 1% fuel surcharge waiver, priority access to two end-of-season sales plus one festive sale annually, and a monthly EazyDiner discount of 15% capped at ₹500. Annual fee is ₹500, waived once yearly spend crosses ₹1 lakh — though rent payments and wallet top-ups don't count toward that threshold, and neither do they earn any rewards at all, alongside fuel, utilities and insurance.
Key features
A quick look at what actually drives this card's value.
Welcome Benefit
~₹2,250 in vouchers, points or cashback on card activation
5% on Online Shopping
20 First Citizen points per ₹200 on Shoppers Stop Exclusive (private-label) brands — 5% in store credit. Other brands bought at Shoppers Stop earn a lower 12 points per ₹200 (3%); this rate is confined strictly to purchases made within the Shoppers Stop estate and doesn't extend to online shopping generally.
0.5% on Other
2 First Citizen points per ₹200 on all general spends (0.5% in store credit)
Annual Fee Waiver
Fee of ₹500 + 18% GST (₹590 all-in)/yr fully waived when you spend ₹1,00,000/year
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 5% | — |
| Other | reward points | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹590 |
| Joining fee (incl. 18% GST) | ₹590 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
Perks & benefits
Non-reward perks add up to roughly ₹400 a year.
fuel waiver ~ ₹400 /yr
A 1% surcharge waiver applies on fuel transactions sized between ₹400 and ₹5,000, with the monthly benefit capped at ₹400. Note that fuel purchases don't earn First Citizen points regardless.
Should you get it?
Best for: Frequent Shoppers Stop and HomeStop shoppers, Existing First Citizen loyalty members, Shoppers who will spend reward points back in store
It sits in the mid tier — a reasonable pick if your monthly spend is steady and predictable.
The value proposition is strongest for those funnelling a lot of spend into the Online Shopping category, where the 5% return kicks in.
✓ Pros
- 5% back (as First Citizen points, valued at ₹0.50 by Axis) on Shoppers Stop Exclusive brands
- 3% on every other brand purchased at Shoppers Stop, HomeStop and the group's beauty counters
- Welcome vouchers worth ₹2,250 in Shoppers Stop value, plus ₹300 in First Citizen points on first use
- Complimentary Golden Glow membership, covering extended exchange windows, free delivery and birthday offers
- Early access to two end-of-season sales and one festive sale annually
- The ₹500 fee waives at ₹1 lakh of annual spend (rent and wallet loads excluded)
✕ Cons
- First Citizen points redeem only at Shoppers Stop and HomeStop, with no cash or statement-credit alternative
- Spending elsewhere earns just 2 points per ₹200, around 0.5%
- The ₹2,250 welcome voucher stack is gated behind individual minimum-spend thresholds, totalling roughly ₹19,000 across all vouchers
- No airport lounge access
- A 3.5% forex markup makes this a poor choice for international spending
Eligibility & documents
Age
21 –60 years
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
The routes available for turning earned points into actual value.
🎁 Shoppers Stop / HomeStop: redeem First Citizen points in store or online (₹0.50/point per Axis)
🎁 Arcelia and the group beauty counters — MAC, Clinique, Estee Lauder, Bobbi Brown, Jo Malone, Smashbox
What your Axis EDGE Reward Points are worth
What each point is actually worth depends heavily on how you redeem it — and that gap is where most cardholders lose value without realizing it.
EDGE Rewards cashback BEST Standard EDGE Reward Points
EDGE Rewards vouchers BEST Gift-voucher catalogue
Travel EDGE portal BEST Flights & hotels
The concern Because First Citizen points only redeem at Shoppers Stop and HomeStop, and non-Shoppers Stop spending earns a mere 2 points per ₹200, the value here is effectively locked away unless you're a committed, repeat Shoppers Stop customer.
The bottom line
This card rewards one behavior really well: shopping at Shoppers Stop. Regular customers who lean into Exclusive-brand purchases can pull 5% back in First Citizen points (at Axis's stated ₹0.50 valuation), and paired with the welcome vouchers, that's enough to comfortably cover the ₹500 annual fee. The catch is that value doesn't travel — points are locked to the Shoppers Stop ecosystem, non-store spending earns a negligible 0.5%, and there's no lounge access to sweeten the deal. Best used as a companion card for loyal shoppers, not a primary one. For broader everyday cashback, [Axis ACE](/cards/axis-ace) or [Flipkart Axis] (/cards/axis-flipkart) are better-suited options.
Sources & verification
Fees, reward rates, and benefits for the Axis Bank Shoppers Stop Credit Card are taken from Axis Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 13 Aug 2026 . Reviewed by the SarvCred Editorial Team . Always confirm current details on the issuer's site before applying. How we research →
Independence. SarvCred is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for Axis Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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